(Washington, DC) — The Office of Tax and Revenue (OTR) will mail the tax year 2010 real property tax assessment notices to all real property owners in the District of Columbia on Friday, February 27, 2009. A total of 190,000 taxable and exempt real properties have been reassessed to reflect current market values as of January 1, 2009. Property owners receiving new assessment notices will not be taxed on the new assessed value until March 2010.
Property values in most neighborhoods experienced a decrease in value. The overall change for residential properties is -3.67 percent. Commercial properties show an overall increase of 1.38 percent. The commercial increase in value is attributable to new construction, conversions and/or renovations.
Property owners are encouraged to review their assessment notice upon receipt. The 2010 notices contain not only the proposed assessed value for a property, but also the estimated taxable assessment and important information related to property tax relief programs such as the homestead benefit and the owner-occupied residential tax credit. Included on the notice is the assigned assessor’s contact information for taxpayers who wish to discuss their assessment.
Property owners who believe that their assessment is not equitable in comparison with similar properties or that their assessment does not reflect the market value must file an appeal with OTR’s Real Property Tax Administration by or before April 1.
Information about the appeal process and the assessment appeal application is available on OTR’s website at taxpayerservicecenter.com under “Real Property Service Center.”
2010 Statistical Data